Party spending commitments, 2015 Parliament

Party spending commitments, 2015 Parliament #AS2014 Labour net £3,830m No party has yet to release a full and comprehensive list of the tax and spending changes they plan to make. In this infographic, we have compiled the distinct spending and tax commitments made by the parties publically, using their own costing whenever possible. In Conservative net £16,900m Labour savings (total £10,330m) Conservative savings (total £25,250m) £3,000m - Restore the 50p tax rate £1,200m - Introduce a new Mansion some cases, we have had to make our own £13,000m - Continue cutting Whitehall spending at same rate Tax on properties over £2 million approximate costing and where possible they apply for the last year of the next Parliament. We have excluded any additional spending on infrastructure or international aid, which are £8,800m - Rest of desired £12bn savings from welfare budget £1,100m - Reduce pension tax relief to those earning over £150,000 to 20% £3,200m - Freeze working age benefits for two years £1,100m - Crackdown on hedge fund linked to GDP levels. tax avoidance d £150m - Cut benefit cap to £23,000 £900m - Maintain Corporation Tax at 21% £100m - Restrict 18-21 year olds from Housing Benefit f f £900m - Scrap Married Couple's Key Allowance Each block represents £100m- b g. £800m - Increase the banking levy Blocks are rounded to the d. nearest £50m £450m - Reversing hedge fund tax cut, abolishing "shares for right" and reducing tax avoidance in construction Lib Dem net £450m - Reformed procurement policy in policing i £150m - Introduce new tobacco tax -£3,650m £100m - Stop paying Winter Fuel k Allowance to richest 5% of Lib Dem savings (total £4,850m) pensioners £100m - Cap Child Benefit increases at 1% in the first two years of next parliament £1,500m - Increase CGT to 35%-40%, cut exemptions from £10,000 to £2,500 and reduce tax avoidance £50m - Scrap PCC elections £20m - Implement full cost-recovery in for gun licensing £1,200m - Introduce a banded High Value Property Levy on residential properties worth over £2 million £10m - Increase fees for police Driver Offender Retraining £1,100m - Abolish "share for rights", increase dividend tax on additional rate taxpayers and tighten cap on pension tax relief d. n,o £900m - Scrap married couples allowance £100m - Withdraw Winter Fuel Payments from Higher Rate taxpayers £50m - Withdraw free TV licences for 6. f over 75s from Higher Rate taxpayers b Policies that save money f i Policies that cost money k £2,500m - Introduce a new NHS Time p. to Care Fund £900m - Freeze business rates for £5,600m - Increase tax allowance from £10,000 to £12,500 £5,600m - Raise the tax free personal allowance to at least £12,500 by the end of the next parliament. small and medium sized businesses £900m - Increase a Compulsory Jobs £1,600m - Increase 40p tax rate threshold to £50,000 Guarantee £1,100m - Increase NHS spending by £900m - Introduce a new 10p lower £1,000m - Create three million £1 billion in real terms rate of income tax apprenticeships by 2020 £150m - Scrap 55% tax on inherited pensions £800m - Give working parents of three and four-year-olds in England £900m - Provide 15 hours of free i childcare for two-year-olds in England 25 hours of free childcare a week Conservative spending (total £8,350m) j £500m - Introduce a new Young Person's Discount Card, giving an £450m - Abolish the Bedroom Tax £50m - Restore 1,100 police offers in automatic 2/3 discount on bus travel 2015/16 £300m - Introduce a new 'Right to k Respite' package for carers Labour spending (total £6,500m) Policy Exchange £100m - Increase early years pupil premium Lib Dem spending (total £8,500m) @Policy_Exchange